Newberry VA Loan Rates, Closing Costs & Stats

Newberry, SC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Newberry's 22 lenders originated 43 VA loans during 2023. The total origination value was $13,375,000, with an average VA loan value of $311,047.

    Newberry VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Newberry averaged 6.83% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Newberry's average VA mortgage closing costs are $6,438.

    The average rate for the prior week (2025-02-07) was 6.37% and one month ago for the week of 2025-01-10, the average rate was 6.6%.

    The average rate one year ago was 6.53%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.33%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Newberry VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Newberry level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CARDINAL FINANCIAL 5 7.15% $28,803
    Mortgage Research Center, LLC 5 7.05% $1,504
    GUILD MORTGAGE COMPANY 4 6.56% $11,206
    CROSSCOUNTRY MORTGAGE, LLC 3 6.90% $11,910
    DELMAR FINANCIAL COMPANY 3 7.16% $7,245
    DHI MORTGAGE COMPANY, LTD. 2 4.37% $2,718
    RESOURCE FINANCIAL SERVICES, INC. 2 6.56% $8,302
    Renasant Bank 2 6.44% $3,456
    NEW DAY FINANCIAL, LLC 1 6.25% $5,367
    QUICKEN LOANS, LLC 1 6.99% $6,805
    RELIANCE FIRST CAPITAL, LLC 1 5.50% $10,840
    Truist 1 7.10% $3,175
    UNITED WHOLESALE MORTGAGE, LLC 1 5.06% $7,861
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $12,724
    VILLAGE CAPITAL MORTGAGE 1 7.25% $16,394
    Ameris Bank 1 6.13% $4,044
    First Palmetto Bank 1 5.63% $7,590
    GUARANTEED RATE AFFINITY, LLC 1 6.75% $12,209
    LOANPAL, LLC 1 6.50% $11,813
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $8,287
    MOVEMENT MORTGAGE, LLC 1 6.00% $6,558
    NAVY FEDERAL CREDIT UNION 1 5.25% $2,705

    The top Newberry VA lender as defined by loan originations is CARDINAL FINANCIAL, with 5 VA loans originated. Their average total fees are $28,803, which is $27,300 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Newberry VA lenders (with over 10 loans originated) are .

    The lowest rate Newberry VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Newberry (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $159,450 (-0.2%) $213,676 (-12.2%) 0.00 139
    2018-02-01 $161,450 (8.0%) $214,346 (-3.3%) 0.00 129
    2018-03-01 $176,250 (21.6%) $235,991 (7.6%) 0.00 116
    2018-04-01 $234,000 (56.0%) $258,935 (10.8%) 0.00 107
    2018-05-01 $236,500 (32.9%) $260,339 (5.1%) 0.00 91
    2018-06-01 $199,900 (12.8%) $256,734 (0.7%) 0.00 102
    2018-07-01 $195,700 (8.8%) $238,935 (-1.8%) 0.00 115
    2018-08-01 $237,450 (37.9%) $261,611 (12.1%) 0.00 108
    2018-09-01 $229,900 (27.8%) $250,899 (5.1%) 0.00 103
    2018-10-01 $209,475 (19.7%) $251,663 (9.4%) 0.00 101
    2018-11-01 $223,475 (27.7%) $246,556 (11.9%) 0.00 93
    2018-12-01 $225,000 (30.5%) $245,314 (13.0%) 0.00 95
    2019-01-01 $219,000 (37.4%) $242,047 (13.3%) 0.00 88
    2019-02-01 $220,375 (36.5%) $246,760 (15.1%) 0.00 86
    2019-03-01 $236,000 (33.9%) $266,512 (12.9%) 0.00 87
    2019-04-01 $250,125 (6.9%) $290,021 (12.0%) 0.00 86
    2019-05-01 $217,200 (-8.2%) $278,520 (7.0%) 0.00 91
    2019-06-01 $195,400 (-2.3%) $259,142 (0.9%) 0.00 86
    2019-07-01 $193,100 (-1.3%) $251,170 (5.1%) 0.00 88
    2019-08-01 $194,405 (-18.1%) $247,283 (-5.5%) 0.00 95
    2019-09-01 $190,211 (-17.3%) $242,552 (-3.3%) 0.00 96
    2019-10-01 $187,416 (-10.5%) $239,398 (-4.9%) 0.00 93
    2019-11-01 $184,999 (-17.2%) $246,932 (0.2%) 0.00 93
    2019-12-01 $187,450 (-16.7%) $246,651 (0.6%) 0.00 95
    2020-01-01 $198,450 (-9.4%) $258,781 (6.9%) 0.00 82
    2020-02-01 $199,900 (-9.3%) $272,399 (10.4%) 0.00 86
    2020-03-01 $208,408 (-11.7%) $275,522 (3.4%) 0.00 84
    2020-04-01 $211,380 (-15.5%) $284,288 (-2.0%) 0.00 85
    2020-05-01 $229,950 (5.9%) $302,857 (8.7%) 0.00 81
    2020-06-01 $224,424 (14.9%) $299,861 (15.7%) 0.00 63
    2020-07-01 $223,427 (15.7%) $295,016 (17.5%) 0.00 59
    2020-08-01 $219,900 (13.1%) $276,975 (12.0%) 0.00 48
    2020-09-01 $198,625 (4.4%) $239,626 (-1.2%) 0.00 47
    2020-10-01 $192,500 (2.7%) $246,698 (3.1%) 0.00 41
    2020-11-01 $207,450 (12.1%) $253,676 (2.7%) 0.00 36
    2020-12-01 $235,000 (25.4%) $295,374 (19.8%) 0.00 44
    2021-01-01 $223,500 (12.6%) $269,204 (4.0%) 0.00 36
    2021-02-01 $233,750 (16.9%) $278,941 (2.4%) 0.00 42
    2021-03-01 $249,913 (19.9%) $305,775 (11.0%) 0.00 33
    2021-04-01 $249,000 (17.8%) $303,252 (6.7%) 0.00 22
    2021-05-01 $256,375 (11.5%) $303,944 (0.4%) 0.00 21
    2021-06-01 $187,500 (-16.5%) $327,635 (9.3%) 0.00 28
    2021-07-01 $275,000 (23.1%) $367,964 (24.7%) 0.00 29
    2021-08-01 $257,875 (17.3%) $374,764 (35.3%) 0.00 37
    2021-09-01 $304,500 (53.3%) $426,106 (77.8%) 0.00 42
    2021-10-01 $295,000 (53.3%) $372,732 (51.1%) 0.00 41
    2021-11-01 $299,450 (44.4%) $445,380 (75.6%) 0.00 36
    2021-12-01 $299,500 (27.5%) $433,580 (46.8%) 0.00 29
    2022-01-01 $259,900 (16.3%) $425,996 (58.2%) 0.00 25
    2022-02-01 $245,500 (5.0%) $423,765 (51.9%) 0.00 17
    2022-03-01 $300,165 (20.1%) $486,032 (59.0%) 0.00 21
    2022-04-01 $302,940 (21.7%) $464,355 (53.1%) 0.00 36
    2022-05-01 $308,740 (20.4%) $497,143 (63.6%) 0.00 47
    2022-06-01 $309,065 (64.8%) $432,643 (32.1%) 0.00 58
    2022-07-01 $306,490 (11.5%) $431,245 (17.2%) 0.00 68
    2022-08-01 $310,165 (20.3%) $421,836 (12.6%) 0.00 62
    2022-09-01 $310,000 (1.8%) $414,530 (-2.7%) 0.00 59
    2022-10-01 $304,390 (3.2%) $392,733 (5.4%) 0.00 68
    2022-11-01 $299,950 (0.2%) $369,466 (-17.0%) 0.00 74
    2022-12-01 $289,900 (-3.2%) $364,707 (-15.9%) 0.00 73
    2023-01-01 $289,095 (11.2%) $374,066 (-12.2%) 0.00 58
    2023-02-01 $284,113 (15.7%) $338,327 (-20.2%) 0.00 56
    2023-03-01 $276,500 (-7.9%) $359,934 (-25.9%) 0.00 56
    2023-04-01 $305,000 (0.7%) $437,500 (-5.8%) 0.00 64
    2023-05-01 $401,000 (29.9%) $472,371 (-5.0%) 0.00 48
    2023-06-01 $356,750 (15.4%) $458,502 (6.0%) 0.00 41
    2023-07-01 $375,000 (22.4%) $462,830 (7.3%) 0.00 39
    2023-08-01 $413,750 (33.4%) $503,140 (19.3%) 0.00 44
    2023-09-01 $349,750 (12.8%) $475,469 (14.7%) 0.00 54
    2023-10-01 $356,713 (17.2%) $496,723 (26.5%) 0.00 69
    2023-11-01 $356,549 (18.9%) $506,658 (37.1%) 0.00 67
    2023-12-01 $346,895 (19.7%) $480,324 (31.7%) 0.00 69
    2024-01-01 $339,199 (17.3%) $467,779 (25.1%) 0.00 65
    2024-02-01 $331,983 (16.9%) $482,530 (42.6%) 0.00 62
    2024-03-01 $329,950 (19.3%) $475,450 (32.1%) 0.00 62
    2024-04-01 $324,950 (6.5%) $498,179 (13.9%) 0.00 70
    2024-05-01 $354,802 (-11.5%) $547,067 (15.8%) 0.00 76
    2024-06-01 $329,900 (-7.5%) $528,603 (15.3%) 0.00 86
    2024-07-01 $310,339 (-17.2%) $453,005 (-2.1%) 0.00 93
    2024-08-01 $305,900 (-26.1%) $440,853 (-12.4%) 0.00 92
    2024-09-01 $324,950 (-7.1%) $453,522 (-4.6%) 0.00 84
    2024-10-01 $326,304 (-8.5%) $426,379 (-14.2%) 0.00 74
    2024-11-01 $347,891 (-2.4%) $451,841 (-10.8%) 0.00 78
    2024-12-01 $345,870 (-0.3%) $462,969 (-3.6%) 0.00 79
    2025-01-01 $339,000 (-0.1%) $435,586 (-6.9%) 0.00 77
    Newberry's median listing price for 2025-01-01 was $339,000, a difference of $-199 (-0.1%) versus the prior year and $-6,870 versus the prior month.

    Newberry's median listing price comes in at 0% of the national average.

    Newberry's average listing price for 2025-01-01 was $435,586, a difference of $-32,193 (-6.9%) versus the prior year and $-27,383 versus the prior month.

    For the 2025-01-01 period, Newberry had 77 MLS listings, a difference of -2 listings (-3%) versus the prior month and 12 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Newberry (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,861 sqft
    2018-02-01 0 days 1,815 sqft
    2018-03-01 0 days 1,945 sqft
    2018-04-01 0 days 1,985 sqft
    2018-05-01 0 days 2,064 sqft
    2018-06-01 0 days 1,907 sqft
    2018-07-01 0 days 1,807 sqft
    2018-08-01 0 days 1,920 sqft
    2018-09-01 0 days 1,935 sqft
    2018-10-01 0 days 1,971 sqft
    2018-11-01 0 days 1,944 sqft
    2018-12-01 0 days 2,010 sqft
    2019-01-01 0 days 1,995 sqft
    2019-02-01 0 days 1,944 sqft
    2019-03-01 0 days 1,906 sqft
    2019-04-01 0 days 1,854 sqft
    2019-05-01 0 days 1,877 sqft
    2019-06-01 0 days 1,856 sqft
    2019-07-01 0 days 1,770 sqft
    2019-08-01 0 days 1,716 sqft
    2019-09-01 0 days 1,716 sqft
    2019-10-01 0 days 1,736 sqft
    2019-11-01 0 days 1,824 sqft
    2019-12-01 0 days 1,857 sqft
    2020-01-01 0 days 1,915 sqft
    2020-02-01 0 days 2,004 sqft
    2020-03-01 0 days 2,002 sqft
    2020-04-01 0 days 1,986 sqft
    2020-05-01 0 days 2,000 sqft
    2020-06-01 0 days 1,971 sqft
    2020-07-01 0 days 1,908 sqft
    2020-08-01 0 days 1,986 sqft
    2020-09-01 0 days 1,912 sqft
    2020-10-01 0 days 1,929 sqft
    2020-11-01 0 days 1,997 sqft
    2020-12-01 0 days 1,967 sqft
    2021-01-01 0 days 2,009 sqft
    2021-02-01 0 days 1,933 sqft
    2021-03-01 0 days 1,918 sqft
    2021-04-01 0 days 2,044 sqft
    2021-05-01 0 days 1,964 sqft
    2021-06-01 0 days 1,690 sqft
    2021-07-01 0 days 1,950 sqft
    2021-08-01 0 days 2,020 sqft
    2021-09-01 0 days 2,111 sqft
    2021-10-01 0 days 2,100 sqft
    2021-11-01 0 days 2,100 sqft
    2021-12-01 0 days 2,156 sqft
    2022-01-01 0 days 2,096 sqft
    2022-02-01 0 days 1,780 sqft
    2022-03-01 0 days 2,041 sqft
    2022-04-01 0 days 2,049 sqft
    2022-05-01 0 days 2,196 sqft
    2022-06-01 0 days 2,196 sqft
    2022-07-01 0 days 2,232 sqft
    2022-08-01 0 days 2,232 sqft
    2022-09-01 0 days 2,361 sqft
    2022-10-01 0 days 2,309 sqft
    2022-11-01 0 days 2,258 sqft
    2022-12-01 0 days 2,196 sqft
    2023-01-01 0 days 2,222 sqft
    2023-02-01 0 days 2,189 sqft
    2023-03-01 0 days 2,196 sqft
    2023-04-01 0 days 2,191 sqft
    2023-05-01 0 days 2,394 sqft
    2023-06-01 0 days 2,150 sqft
    2023-07-01 0 days 1,886 sqft
    2023-08-01 0 days 1,877 sqft
    2023-09-01 0 days 1,990 sqft
    2023-10-01 0 days 2,224 sqft
    2023-11-01 0 days 2,225 sqft
    2023-12-01 0 days 2,171 sqft
    2024-01-01 0 days 2,117 sqft
    2024-02-01 0 days 2,171 sqft
    2024-03-01 0 days 2,158 sqft
    2024-04-01 0 days 2,105 sqft
    2024-05-01 0 days 2,223 sqft
    2024-06-01 0 days 2,105 sqft
    2024-07-01 0 days 1,990 sqft
    2024-08-01 0 days 1,990 sqft
    2024-09-01 0 days 2,060 sqft
    2024-10-01 0 days 2,100 sqft
    2024-11-01 0 days 2,100 sqft
    2024-12-01 0 days 2,087 sqft
    2025-01-01 0 days 1,932 sqft
    Newberry's median listing age (time on market) for 2025-01-01 was 0 days.

    Newberry's median square footage for active listings during the 2025-01-01 period was 1,932 sqft. One year prior, the average listing was 2,117 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.